Cryptocurrency exchange HTX has announced its participation in the Beacon Network, the first real-time crypto crime response network launched by TRM Labs.
Launch of Beacon Network
The Beacon Network was launched by TRM Labs to connect vetted investigators with exchanges, stablecoin issuers, and regulators. The network aims to detect, flag, and disrupt illicit activities before funds can be cashed out.
Goals and Collaboration within the Network
HTX's participation in the Beacon Network underscores its commitment to compliance and enhancing security standards. The network aims to prevent crypto crime by providing real-time alerts and coordinated actions among participants. HTX joins a broader effort in the industry to combat illicit financing.
About HTX
Founded in 2013, HTX (formerly Huobi) has evolved from a virtual asset exchange into a comprehensive blockchain ecosystem that includes digital asset trading, financial derivatives, and research. The company follows a strategy of global expansion and security.
HTX's involvement in the Beacon Network showcases its active role in combatting cryptocurrency crime and its commitment to ensuring user security.
